Appointment of Director
August 07 2009 - 11:39AM
UK Regulatory
TIDMINPP
RNS Number : 1197X
International Public Partnership Ld
07 August 2009
7th August 2009
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
INTERNATIONAL
PUBLIC PARTNERSHIPS LIMITED
(formerly known as
Babcock & Brown Public Partnerships Limited)
Appointment to the Board
In accordance with Listing Rule 9.6.11, International Public Partnerships
Limited (the "Company") announces that John Whittle has been appointed to the
Board of Directors of the Company as a non-executive director with effect from
6th August 2009.
Keith Dorrian, Chairman, said "John's appointment strengthens the Board in key
areas (specifically financial) and is consistent with what the Board
communicated to shareholders as part of our restructuring."
For further information, please contact:
Giles Frost +44 20 7203 7300
Director
Media Enquiries:
Byron Ousey/Michael Turner +44 20 7554 1440
Kreab Gavin Anderson
Notes to Editors
International Public Partnerships Limited is a closed end investment company
that invests in infrastructure assets in the UK, Europe and internationally,
particularly those with a public or social character such as those developed
with public bodies under private finance initiative (PFI) or public private
partnership (PPP) procurement.
The portfolio consists of 50 PPP/PFI projects with more than 99% of revenues
backed by Governments. There is diversification geographically as well as across
several PPP/PFI sectors, including roads and tunnels, railways, schools,
courthouses, police and custodial facilities, government offices and health
facilities. Average remaining concession life of projects in the portfolio is 25
years, against a weighted average debt tenor of 24 years, ensuring that project
debt is largely matched to concession life.
Amber Infrastructure Group has been responsible for the development and
management of the majority of these assets and will continue to manage them for
the benefit of INPP shareholders.
The company listed on the Main Market of the London Stock Exchange in November
2006, and is a constituent of the FTSE 250 and FTSE AllShare.
Disclaimer
Nothing in this press release is intended as an offer to sell or a solicitation
of an offer to buy any securities. An investment in International Public
Partnerships Limited (the "Company") carries certain risks and past performance
cannot be relied on as a guide to future performance.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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